The China Mail - Boomers: Selfish or Scapegoats?

USD -
AED 3.67295
AFN 65.497588
ALL 82.895554
AMD 379.419831
ANG 1.79008
AOA 917.000143
ARS 1441.975204
AUD 1.490691
AWG 1.8025
AZN 1.724357
BAM 1.681194
BBD 2.013599
BDT 122.277236
BGN 1.67937
BHD 0.37698
BIF 2960
BMD 1
BND 1.287328
BOB 6.908675
BRL 5.356702
BSD 0.999794
BTN 90.335891
BWP 13.350525
BYN 2.908006
BYR 19600
BZD 2.010788
CAD 1.389445
CDF 2199.999852
CHF 0.802903
CLF 0.022489
CLP 882.239371
CNY 6.97375
CNH 6.962015
COP 3679.7
CRC 494.610346
CUC 1
CUP 26.5
CVE 95.149727
CZK 20.90975
DJF 177.720251
DKK 6.43313
DOP 63.802616
DZD 130.269023
EGP 47.235698
ERN 15
ETB 155.149743
EUR 0.86097
FJD 2.27525
FKP 0.743872
GBP 0.74666
GEL 2.680288
GGP 0.743872
GHS 10.850005
GIP 0.743872
GMD 73.51793
GNF 8749.99998
GTQ 7.665859
GYD 209.162294
HKD 7.79746
HNL 26.509829
HRK 6.488503
HTG 130.993519
HUF 331.628498
IDR 16898.3
ILS 3.14311
IMP 0.743872
INR 90.35305
IQD 1310
IRR 42125.000158
ISK 125.880127
JEP 0.743872
JMD 157.623739
JOD 0.709019
JPY 158.4775
KES 129.000135
KGS 87.448899
KHR 4025.000031
KMF 423.501832
KPW 899.976543
KRW 1469.249837
KWD 0.30812
KYD 0.833129
KZT 510.839479
LAK 21604.999876
LBP 89549.999428
LKR 309.376451
LRD 180.750247
LSL 16.367862
LTL 2.952741
LVL 0.60489
LYD 5.429747
MAD 9.212499
MDL 17.10614
MGA 4549.9997
MKD 53.013926
MMK 2100.072735
MNT 3563.033319
MOP 8.031719
MRU 39.740152
MUR 46.150064
MVR 15.45958
MWK 1732.505413
MXN 17.62524
MYR 4.0545
MZN 63.930447
NAD 16.398647
NGN 1421.720364
NIO 36.729861
NOK 10.106935
NPR 144.535561
NZD 1.739995
OMR 0.384494
PAB 0.999807
PEN 3.358967
PGK 4.26325
PHP 59.516496
PKR 279.875008
PLN 3.62796
PYG 6752.110303
QAR 3.641103
RON 4.382496
RSD 101.069036
RUB 78.248363
RWF 1457.5
SAR 3.750011
SBD 8.123611
SCR 15.113244
SDG 601.504446
SEK 9.22858
SGD 1.28754
SHP 0.750259
SLE 24.150189
SLL 20969.499267
SOS 571.498
SRD 38.259967
STD 20697.981008
STN 21.4
SVC 8.748087
SYP 11059.574895
SZL 16.399211
THB 31.412971
TJS 9.312721
TMT 3.51
TND 2.890311
TOP 2.40776
TRY 43.1885
TTD 6.786494
TWD 31.568497
TZS 2515.000378
UAH 43.484577
UGX 3549.263328
UYU 38.603866
UZS 12014.999851
VES 338.72556
VND 26270
VUV 121.157562
WST 2.784721
XAF 563.861501
XAG 0.010836
XAU 0.000217
XCD 2.70255
XCG 1.801881
XDR 0.700974
XOF 563.000155
XPF 102.924968
YER 238.449429
ZAR 16.32615
ZMK 9001.203608
ZMW 19.771
ZWL 321.999592
  • RBGPF

    -0.2100

    81.36

    -0.26%

  • RYCEF

    -0.1900

    16.95

    -1.12%

  • CMSC

    0.1490

    23.499

    +0.63%

  • AZN

    -2.2450

    94.095

    -2.39%

  • NGG

    0.4450

    79.325

    +0.56%

  • RIO

    0.4750

    86.355

    +0.55%

  • BTI

    0.5200

    57.96

    +0.9%

  • GSK

    -1.3100

    49.48

    -2.65%

  • RELX

    -0.1150

    41.805

    -0.28%

  • VOD

    0.0700

    13.44

    +0.52%

  • SCS

    0.0200

    16.14

    +0.12%

  • CMSD

    0.0564

    23.9645

    +0.24%

  • BCE

    0.0640

    24.284

    +0.26%

  • BCC

    2.3400

    86.39

    +2.71%

  • BP

    -0.6710

    35.149

    -1.91%

  • JRI

    -0.0365

    13.59

    -0.27%


Boomers: Selfish or Scapegoats?




The debate over whether the Baby Boomer generation—those born between 1946 and 1964—deserves the label of "the most selfish generation in history" has intensified in recent years. Critics argue that Boomers have prioritised their own comfort and prosperity at the expense of future generations, while defenders point to their contributions to social progress and economic growth. This article explores both sides of the argument, drawing on economic, social, and cultural factors to assess the validity of the claim.

A Generation of Prosperity
The post-World War II era was a time of unprecedented economic growth, particularly in Western nations. Boomers grew up in a period of relative stability and prosperity, benefiting from expanding educational opportunities, affordable housing, and a booming job market. This generation was the first to enjoy the fruits of modern consumer culture, with access to new technologies, healthcare advancements, and a welfare state that provided a safety net. However, this prosperity has been criticised as a double-edged sword. While Boomers thrived, they are accused of failing to address long-term challenges such as climate change, economic inequality, and the sustainability of social security systems. The argument goes that their focus on short-term gains has left younger generations—particularly Millennials and Generation Z—facing a future of environmental degradation, housing crises, and precarious employment.

The Burden of Debt
One of the most frequently cited examples of Boomer selfishness is their approach to public debt. Over the past few decades, national debts have soared in many countries, driven by policies that prioritised tax cuts, increased spending on entitlements, and economic stimulus measures. Critics argue that Boomers, who have held political and economic power during this period, have been complicit in passing on this financial burden to future generations. The rising cost of healthcare, pensions, and social security, combined with stagnating wages for younger workers, has fuelled resentment. In some nations, national debt has increased dramatically since the turn of the century, a period during which Boomers dominated leadership positions. This fiscal irresponsibility, some argue, reflects a generational disregard for the future.

The Housing Divide
Housing is another area where Boomers are accused of hoarding wealth. In many developed countries, property prices have skyrocketed, making homeownership increasingly unattainable for younger generations. Boomers, who bought homes when prices were relatively low, have seen their property values soar, creating a wealth gap that is difficult for Millennials and Gen Z to bridge. Over the past few decades, average house prices have risen significantly while wages have remained largely stagnant. This has led to accusations that Boomers have pulled up the ladder behind them, benefiting from policies that favoured property ownership while younger generations are left renting or struggling to save for deposits.

A Legacy of Progress
However, it would be unfair to paint the entire generation with the same brush. Boomers have also been responsible for significant social progress. The civil rights movements of the 1960s and 1970s, which fought for racial equality, gender rights, and LGBTQ+ inclusion, were largely driven by Boomer activists. Their contributions to technology, healthcare, and education have also been transformative. The digital revolution, which laid the foundation for the modern internet and communication technologies, was spearheaded by Boomer innovators. Moreover, many Boomers have engaged in philanthropy and community service, challenging the notion that they are universally selfish.

Generational Perceptions
Another important factor to consider is the role of generational differences in shaping perceptions of selfishness. Younger generations, facing economic uncertainty and environmental crises, may view Boomers' actions through a lens of frustration. However, it is worth noting that every generation has faced criticism from its successors. The Silent Generation, who preceded the Boomers, were often derided for their conformity and conservatism, while Millennials have been labelled as entitled and overly reliant on technology. This cyclical nature of generational criticism suggests that the "selfish" label may be more a reflection of changing societal values than an objective truth.

Structural Influences
Furthermore, the accusation of selfishness overlooks the structural factors that have shaped Boomer behaviour. The economic policies of the late 20th century, particularly the rise of neoliberalism, encouraged individualism and short-term thinking. Boomers, like all generations, were influenced by the prevailing ideologies of their time. The shift towards deregulation, privatisation, and globalisation was not solely a Boomer creation but a broader political and economic trend. To single out Boomers as uniquely selfish ignores the complex interplay of historical forces that have shaped modern society.

Conclusion
In conclusion, while there is evidence to suggest that the Boomer generation has benefited disproportionately from economic and social conditions, labelling them as "the most selfish generation in history" is an oversimplification. Their contributions to social progress and innovation cannot be ignored, nor can the structural factors that have influenced their behaviour. The intergenerational debate is likely to continue, but it is essential to approach it with nuance, recognising that each generation operates within the constraints and opportunities of its time.